Insights from ARK Investment Management's Latest 13F Filing

Catherine Wood (Trades, Portfolio), the visionary founder of ARK Investment Management, has over four decades of experience in identifying and capitalizing on technological innovations. Since establishing ARK in 2014, Wood has focused on disruptive technologies across various sectors, believing that advancements in areas like AI, robotics, and blockchain can lead to significant investment opportunities. As the chief investment officer, she plays a crucial role in shaping the firm's investment strategies and decisions, aiming to deliver long-term value through an iterative process of in-depth, top-down and bottom-up research.

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Summary of New Buys

Catherine Wood (Trades, Portfolio)'s ARK Investment Management made notable new investments in the third quarter of 2024, including:

• GitLab Inc (NASDAQ:GTLB) with 260,679 shares, valued at $13.44 million, making up 0.12% of the portfolio.
• Aurora Innovation Inc (NASDAQ:AUR) with 2,100,209 shares, valued at $12.43 million, representing 0.11% of the portfolio.
• Oklo Inc (NYSE:OKLO) with 1,028,002 shares, valued at $8.32 million, accounting for 0.08% of the portfolio.

Key Position Increases

During the same period, Wood increased her stakes in several companies, most notably:

• Tempus AI Inc (NASDAQ:TEM), adding 1,855,459 shares for a total of 2,378,157 shares, a 354.98% increase, impacting the portfolio by 0.96% with a total value of $134.60 million.
• Advanced Micro Devices Inc (NASDAQ:AMD), adding 548,515 shares for a total of 785,313 shares, a 231.64% increase, valued at $128.85 million.

Summary of Sold Out Positions

Wood also decided to exit several positions entirely in the third quarter of 2024:

• Teladoc Health Inc (NYSE:TDOC), selling all 7,481,255 shares, impacting the portfolio by -0.65%.
• Verve Therapeutics Inc (NASDAQ:VERV), liquidating all 2,936,063 shares, with a -0.13% portfolio impact.

Key Position Reductions

Significant reductions were made in the portfolio, including:

• Zoom Video Communications Inc (NASDAQ:ZM), reducing holdings by 2,520,834 shares, a -99.95% decrease, impacting the portfolio by -1.32%. The stock traded at an average price of $62.51 during the quarter and has seen a 28.30% return over the past three months and 5.21% year-to-date.
• Tesla Inc (NASDAQ:TSLA), reducing holdings by 725,614 shares, a -13.65% decrease, impacting the portfolio by -1.27%. The stock traded at an average price of $228.05 during the quarter and has returned 16.31% over the past three months and 1.51% year-to-date.

Portfolio Overview

As of the third quarter of 2024, Catherine Wood (Trades, Portfolio)'s portfolio comprised 187 stocks. The top holdings included 10.98% in Tesla Inc (NASDAQ:TSLA), 7.66% in Roku Inc (NASDAQ:ROKU), 5.28% in Coinbase Global Inc (NASDAQ:COIN), 4.79% in Roblox Corp (NYSE:RBLX), and 4.07% in Block Inc (NYSE:SQ). The investments are primarily concentrated across nine industries, including Technology, Healthcare, and Communication Services.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.